Foundations Investment Advisors LLC Takes $247,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Foundations Investment Advisors LLC acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,054 shares of the company’s stock, valued at approximately $247,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. KBC Group NV grew its position in Affirm by 53.2% in the 4th quarter. KBC Group NV now owns 9,698 shares of the company’s stock worth $591,000 after purchasing an additional 3,367 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Affirm by 299.7% in the fourth quarter. Blue Trust Inc. now owns 3,118 shares of the company’s stock valued at $190,000 after buying an additional 2,338 shares during the period. Geneos Wealth Management Inc. grew its position in Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after buying an additional 410 shares in the last quarter. Encompass More Asset Management increased its stake in Affirm by 26.5% during the fourth quarter. Encompass More Asset Management now owns 7,965 shares of the company’s stock valued at $485,000 after acquiring an additional 1,668 shares during the period. Finally, Yeomans Consulting Group Inc. acquired a new position in Affirm in the 4th quarter valued at approximately $313,000. Institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

AFRM has been the topic of several recent research reports. William Blair initiated coverage on Affirm in a report on Wednesday, January 15th. They set an “outperform” rating on the stock. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. JMP Securities raised shares of Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Friday, December 20th. Wells Fargo & Company upped their target price on shares of Affirm from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $82.00 in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and an average target price of $62.88.

Insider Transactions at Affirm

In related news, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $72.05, for a total value of $180,125.00. Following the completion of the transaction, the director now directly owns 41,497 shares of the company’s stock, valued at approximately $2,989,858.85. This represents a 5.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katherine Adkins sold 200,000 shares of Affirm stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the completion of the sale, the insider now directly owns 93,545 shares in the company, valued at $5,149,652.25. This represents a 68.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,323,478 shares of company stock valued at $86,285,371 over the last quarter. Corporate insiders own 12.41% of the company’s stock.

Affirm Price Performance

AFRM opened at $61.07 on Friday. The company has a fifty day simple moving average of $63.55 and a 200 day simple moving average of $48.04. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a market cap of $19.18 billion, a P/E ratio of -43.01 and a beta of 3.67. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $73.34.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The company had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same quarter last year, the firm posted ($0.57) earnings per share. On average, research analysts expect that Affirm Holdings, Inc. will post -0.62 EPS for the current year.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.